EMS-CHEMIE HOLDING AG (EMSN) Fair Value & Analysis

Basic Materials · CH · Market cap CHF 17.2B

A strong business, but screening 65% overvalued on our models.

What matters now

• A high-quality business (quality 82/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
• The price sits above even our optimistic bull case (CHF 349.68). The favourable scenario is already priced in.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range CHF 531.50 – CHF 953.44 · fair‑value band CHF 219.57 – CHF 349.68 · the CHF 823.00 price screens above the CHF 284.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

EMS-CHEMIE HOLDING AG (EMSN) currently trades at CHF 823.00, while our model-based Fair Value estimate is CHF 284.63, implying the stock looks roughly 65.4% overvalued today. We read business quality at 82/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, EMS-CHEMIE HOLDING AG generated revenue of CHF 2.0B at a net margin of 23.7%. Revenue declined 5.4% year over year. It earns a return on equity of 25.3%. The balance sheet holds a net cash position of CHF 571M. Fundamentals as of Jul 14, 2026

Our scenario range runs from CHF 219.57 (bear case) to CHF 349.68 (bull case); at CHF 823.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -65%, EMSN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (CHF 330.90) versus Asset-Based (CHF 53.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

EMS-CHEMIE HOLDING AG engages in the polymers and specialty chemicals businesses in the Americas, Europe, Asia, and internationally.

Full company description

EMS-CHEMIE HOLDING AG engages in the polymers and specialty chemicals businesses in the Americas, Europe, Asia, and internationally. It is involved in the manufacturing and supply of high-performance polyamide granulate, as well as develops, produces, and sells fibers, fusible adhesives, and adhesive yarns for technical and textile applications, powder coatings, and reactive diluents. The company also offers bonding, coating, sealing, and damping systems; and hotmelt adhesives, crosslinkers, epoxy systems, technical fibers, adhesion promoters, and fusible bonding yarns and granules. It serves automotive, electro and electronic, industry and consumer goods, optic, and packaging markets. EMS-CHEMIE HOLDING AG was founded in 1936 and is based in Domat/Ems, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EMS-CHEMIE HOLDING AG reported revenue of CHF 2.0B in FY2025 versus CHF 2.3B in FY2021, a compound −3.6%/yr. Reported net income was CHF 467M in FY2025, compounding −4.0%/yr from FY2021.

EMSN screens 65% overvalued. Compare with Linde plc →

Peer Group

Specialty Chemicals · 680 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.